NICO Asset Managers Launches Innovative Offshore Investment Offering

NICO Asset Managers has launched the Offshore Investment Offering in partnership with Sanlam Private Wealth, aimed at high-net-worth clients. The initiative seeks to provide stability, asset protection, and growth opportunities in global markets, with assurances on reduced risks and enhanced investment potential for Malawians. This partnership distinguishes offshore investments from foreign direct investment, allowing local clients direct access to international markets.

NICO Asset Managers, a subsidiary of NICO Holdings Plc, has collaborated with Sanlam Private Wealth to introduce the Offshore Investment Offering. This product aims to cater to high-net-worth individuals seeking stability, asset protection, and sustainable growth within the global investment landscape. The launch event took place at the Bingu International Conference Centre in Lilongwe, Malawi, where stakeholders emphasized the need for expanded investment avenues for clients.

During the launch, Vizenge Kumwenda, Managing Director of NICO Holdings Limited, highlighted the importance of partnering with credible institutions to navigate investment risks. He stated, “Investments are inherently risky by nature, and there are different paths to navigating them. However, the process involved is where the credibility of your partners comes in. In our case, we are partnering with Sanlam, one of the top institutions in Africa.”

Kumwenda assured Malawians that this partnership would provide lucrative investment opportunities with minimal associated risks. He remarked, “This is the best way for Malawi to be part of the global investment market, and in the process, the country will experience economic growth.”

Mark Muller, Head of International Business for Sanlam Private Wealth, noted that this partnership will enable Malawians to diversify their investment portfolios through offshore opportunities. He stated, “If Malawians are holding significant portions of their portfolios in local currency, it is crucial to diversify for several reasons. Hard currency tends to maintain its value and provides access to some of the best global investment opportunities.”

Daniel Dunga, Chief Executive Officer of NICO Asset Managers, further emphasized the platform’s role in linking clients with prominent global firms. He differentiated offshore investments from foreign direct investment, explaining that the former enables Malawians to access international markets directly, rather than relying solely on foreign entities investing in Malawi. Sanlam Private Wealth currently operates in 31 countries, serving 69 million clients across Africa, emphasizing its extensive reach and experience in the investment sector.

The launch of the Offshore Investment Offering by NICO Asset Managers marks a significant step in broadening investment opportunities for high-net-worth clients in Malawi. Through strategic collaboration with Sanlam Private Wealth, this product aims to enhance asset protection and promote economic growth by facilitating access to global markets. By diversifying their portfolios, Malawians can better navigate investment risks and potentially realize higher returns on their investments.

Original Source: www.nyasatimes.com